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Ashland County, OH

RANK #75 / 996  ·  POP 52,522  ·  OH

PROJECTED GROWTH: +3.1%

Ashland County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Ashland County?

Ashland County, Ohio, is often recognized by locals for its annual BalloonFest, a tradition celebrating the city's past as the "balloon capital of the world" due to its history in rubber product manufacturing. Located in northeastern Ohio, roughly 60 miles southwest of Cleveland and 80 miles northeast of Columbus, the county offers a blend of small-town atmosphere and access to larger urban amenities. Commutes within the county are generally short, with an average one-way trip of under 20 minutes. The area features extensive outdoor recreation, including Mohican State Park and Forest, offering thousands of acres for hiking, birdwatching, and other activities. The Ashland County Park District also maintains 18 parks and numerous trails.

Life in Ashland County offers a community-focused environment with above-average public schools, including the Ashland City School District and Mapleton Local School District. Ashland University, a private institution, contributes to the local culture and provides educational opportunities. The economy, historically rooted in manufacturing, has seen recent developments, including an e-commerce company establishing a regional hub and ongoing housing projects. These initiatives aim to expand housing options, potentially attracting families and workers to the area. The county also benefits from its location with convenient access to interstates.

[02] Market Snapshot

Housing Ratio
4.6x

Below national median (4.7x)

GDP Growth
+1.7%

Below national median

Home Prices
+5.4%

Outpacing national median

Climate & Terrain
-2.8

Below-average climate & terrain

Price/Rent
15x

Above national median (13x)

Housing is fairly valued at 4.6x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Ashland County U.S. National

The Numbers

DEMOGRAPHICS
Population
52,522
-0.26% YoY
Median Household Income
$62,254
Median Home Value
$163,600
+5.43% 12mo
Median Rent
$815
Average Annual Pay
$48,877
+2.9% YoY
Employment
18,904
+0.6% YoY
Income-to-Home-Value
0.3805
More affordable than average
Migration Inflow
5.07%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$268,750
Days on Market
74
Slower market
Months of Supply
2.0
Seller's market
Sale-to-List Ratio
97.0%
Negotiation room for buyers
Sold Above List
23.3%
Listings w/ Price Drops
27.1%
Building Permits (2024)
57
Single-Family Permits
57

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$50M
TOTAL
PROJECT AMOUNT STATUS
PumpHouse District Redevelopment (Apartments & Hotel)
Vision Development
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.7% 29 percentile
Population Growth -0.3% 17 percentile
Income Growth +7.0% 18 percentile
Vacancy Rate 1.0% 56 percentile
Home Price Change +5.4% 92 percentile
Rent Growth +4.1% 68 percentile
Price/Rent 15x 31 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Ashland County, OH a good place to move to?

Ashland County has a Boom Town Index score of 93/100, ranking #75 among 996 U.S. counties. With job growth at +0.6% and a median household income of $62,254, it's an above-average county on economic indicators.

Is Ashland County affordable?

The median home value in Ashland County is $163,600 with median rent at $815/month. The income-to-home-value ratio is 0.3805, which is more affordable than the national average.

Is Ashland County growing or shrinking?

Population growth: -0.3% year-over-year. Job growth: +0.6%. Home values changed +5.4% in the past 12 months.

Are people moving to Ashland County?

Yes — 5.07% of Ashland County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Winnebago County, IL 100 Madison County, NY 100 Oswego County, NY 100 Valencia County, NM 100 Taylor County, TX 100 Allen County, OH 100 Newton County, MO 99 Dodge County, WI 99